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dDT

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dDT

Re: dDT post# 559549

Tuesday, 02/24/2015 6:56:36 AM

Tuesday, February 24, 2015 6:56:36 AM

Post# of 648882
Report: Huntington Bancshares to buy Macquarie unit

Looking to bolster its equipment leasing business, Huntington Bancshares (NASDAQ:HBAN) has agreed to acquire Macquarie Group's (OTC:MCQEF) equipment finance unit for around $380M, Reuters reports, saying a deal could be announced as early as this week.
Macquarie bought the unit, then named CIT Systems Leasing, from CIT Group in 2008. At the time of the acquisition, the business had $700M of assets.
HBAN +0.8% premarket

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